this post was submitted on 24 Jul 2023
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Toronto

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Chrystia Freeland shoots down Olivia Chow’s demand for more money, saying Toronto should not be crying poor (www.thestar.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (2 children)

Renters in non-rent-controlled buildings would love this idea.

[–] [email protected] 5 points 1 year ago (1 children)

They could probably afford to buy a house if this idea was implemented. :)

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (1 children)

I don't know about a house but yeah, it should force landlords with unsustainable costs to sell. 😅

[–] [email protected] 3 points 1 year ago

That's precisely the point. Get residential homes out of the hands of speculators and into the hands of families.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Even with rent control they would just evict the tenants. There is no such thing as trickle down